Very first flip - COMPLETE!

Very first flip - COMPLETE!

Stoneham, MA · Member since 2017 · 56 posts · 186 votes

Hi everyone,

My partner and I just completed our FIRST FLIP and we are so excited about it!!! We have both been in construction for nearly 10 years now, and have been talking about trying our hand at our own projects for awhile. Well, we finally took the leap and it was worth it! It was not easy, but we are so glad we did and now we cannot wait for the next one!

$163,000 - Purchase Price

$133,000 - Total Cost (Reno & Operating Expenses)

$17,000 - Commission

$378,000 - Sale Price

$65,000 - Profit

21% - ROI

The project took about 6.5 months. 3 bed, 2 bath 1,400 sq ft single family house outside of Greater Boston. Take a look at the photo's and let me know what you guys think! Also, a big Thank You to everyone who is a part of this great community!

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Investor · Fort Wayne, IN · Member since 2013 · 152 posts · 126 votes
8y

Man I love when the before and after pics are shared on here. You and your partner did an awesome job with the cosmetic finishes...I personally love how inexpensive recessed lighting is and the dramatic difference it makes to a space. Great job and congrats on the ROI!

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  • Investor · Fort Wayne, IN · Member since 2013 · 152 posts · 126 votes
    8y

    Man I love when the before and after pics are shared on here. You and your partner did an awesome job with the cosmetic finishes...I personally love how inexpensive recessed lighting is and the dramatic difference it makes to a space. Great job and congrats on the ROI!

  • O'fallon IL · Member since 2018 · 4 posts · 4 votes
    8y

    Very nice, congrats @Steven Rubino!

  • Rental Property Investor · Bloomington, IN · Member since 2018 · 70 posts · 78 votes
    8y

    Thanks for sharing, you did a fabulous job!

  • Member since 2018 · 1 post · 1 vote
    7y

    This is amazing! Great job! 

  • Investor · Burley, ID · Member since 2017 · 3 posts · 3 votes
    7y

    Looks great. Great attention to detail.

  • Investor · MO · Member since 2016 · 6 posts · 4 votes
    7y

    Great job. the transformation is amazing!  You should be proud of yourselves.

  • Salt Lake City, UT · Member since 2018 · 2 posts · 1 vote
    7y

    Amazing Job Steven, congratulation on your first flip. Thank you for sharing pictures

  • Real Estate Broker · Stoughton, MA · Member since 2012 · 109 posts · 96 votes
    7y

    Man... Seems like so much work. Not knocking it though. Nothing but respect... Congratulations!

  • Real Estate Agent · Boston, MA · Member since 2018 · 8 posts · 3 votes
    7y

    It’s a whole new house. Congratulations!

  • Member since 2018 · 1 post · 1 vote
    7y

    Thanks for sharing, Good Job!  

  • Newport News, VA · Member since 2018 · 9 posts · 4 votes
    7y

    Awesome!!! Rehab was done with good taste. Just wondering why so long on the rehab?

  • Developer · Atlanta, GA · Member since 2018 · 2 posts · 2 votes
    7y

    Looks Amazing! Great work!

  • Real Estate Agent · Raleigh, NC · Member since 2016 · 107 posts · 51 votes
    7y

    Congratulations!  Thanks for your sharing!

  • Attorney · Wilsonville, OR · Member since 2017 · 504 posts · 411 votes
    7y

    @Steven Rubino congratulations. Great accomplishment. 

  • Rental Property Investor · Minneapolis, MN · Member since 2017 · 106 posts · 39 votes
    7y

    Love the before an after pics, has a lot of shock factor!

  • Indian Harbour Beach, FL · Member since 2018 · 92 posts · 99 votes
    7y

    Looks amazing, good job!! I'm simple in that my favorite part is the built-in cabinet in the dining room. Never underestimate the power of good (and attractive) built-ins!

  • Glencoe, MN · Member since 2013 · 2 posts · 1 vote
    7y

    fantastic transformation!!

  • Flipper/Rehabber · Temecula, CA · Member since 2018 · 2 posts · 1 vote
    7y

    It looks amazing, thanks for sharing the pictures. Congrats all over!! 

  • Rental Property Investor · Akron, OH · Member since 2017 · 22 posts · 12 votes
    7y

    Gorgeous!! 

  • Investor · Member since 2010 · 2 posts · 9 votes
    7y

    Very nice!  And thanks for saving that stair post/rail.  Couple of questions if you will:

    1.  How did you buy it?  Auction?  

    2.  Did you have solid renovated comps in the area to go by?

    3.  How did you do with overall expected reno costs?  Were there any sticker shockers?

    Thanks!

  • Real Estate Agent · Central NJ · Member since 2018 · 4 posts · 1 vote
    7y

    Great job! Loving the curb appeal and the hardwood, looks awesome!

  • Maarten B.Pro Member
    Melrose, MA · Member since 2013 · 1 post · 1 vote
    7y

    Look awesome! Could you give a breakdown of the reno/opp  cost?

  • San Tan Valley, AZ · Member since 2017 · 11 posts · 7 votes
    7y

    Great Job Steven!  Love that you guys had the vision to bring this “tired” looking house into a vibrant, fresh looking home!  Congrats!

  • Member since 2018 · 6 posts · 3 votes
    7y

    Great work and very encouraging!Thank you for posting.

  • Investor · San Ramon, CA · Member since 2016 · 22 posts · 3 votes
    7y

    Congrats. Excellent Job. Thanks for sharing.

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